Corporate bonds, private placements and small retail bonds are taking the place of many conventional banking loans in Europe these days. The Financial Times estimates European property groups have raised about €15.4 billion ($19.98 billion US) for the first nine months of this year, compared with €8.3 billion ($10.76 billion US) in 2011.
If the trend continues, non-banking funding totals will hit almost €20 billion ($25.9 billion US) by the year end, a record annual total, Bloomberg reports. One euro equals $1.30 U.S...............................................Full Article: Source